The Romance and Tragedy | Page 6

William Ingraham Russell
was no one else--that she was still heart free, I gained courage; and when, before I had left her that evening, she had consented to leave the matter open until some future time, my hopes of ultimate success were very far from being destroyed.
CHAPTER III.
A CO-PARTNERSHIP DISSOLVED

Before Mr. Derham had landed in England my feeling of dislike for my partner had increased materially.
His own business, which had been represented as worth at least five hundred dollars per month to the firm, was, so far as I could see, largely a myth.
He had a habit of arriving at the office at half-past ten or eleven o'clock, and leaving at three. By frequent demands on his father-in-law he kept himself in funds to provide for his extravagant living, and it seemed to me his principal object in coming to the office at all was to meet various fast-looking men who called there to see him.
To cap the climax, he had a half-patronizing, half-nagging way of treating me that I simply could not put up with. I was doing all the business, earning all the money that was made, and this man was entitled to fifty per cent of the net results. I stood it for a few months, meanwhile writing fully to Mr. Derham of the position in which I was placed.
Finally, on the 10th of March, 1871 when I saw on Bulkley's desk a note for a few hundred dollars, drawn to his own order and signed by him with the firm's name, and in response to my inquiry as to the meaning of it, he told me it was a little matter he was putting through by a friend for his own accommodation, I cut the knot and insisted on a dissolution of our co-partnership.
I had to pay him a small sum to get his consent, and though I had to borrow the money to make the payment, I did so rather than have any litigation, which he threatened.
It was with a feeling of immense relief that I went to the office the following morning, knowing that I was rid of the leaden weight which Mr. Derham had bound to me in an error of judgment, which he readily admitted.
The sign was removed and in its place went up another bearing my name only.
Although in the trade I enjoyed a fair measure of popularity, which is the key-note to a broker's success, I found my youth a disadvantage when it came to seeking important business.
The dealers hesitated to intrust me with the carrying out of large contracts, while favoring me with the smaller orders. This was a great trial and I could not but feel it an injustice. Still, there was nothing I could do except to be grateful for the favors I received and strive in every way to demonstrate my ability.
Another thing I had to fight against was the questionable methods of a firm which was my principal competitor.
Naturally there was a very active effort made to get away from me the old trade which Mr. Derham had held well in hand for many years. This I had expected, but I did not count upon my competitor waiving commissions whenever we came into a contest for business of any importance.
This sort of competition I could not meet, not only as a matter of principle based on the idea that "the laborer is worthy of his hire," but because I could not afford to do business for nothing.
Despite the handicap of youth and unfair competition, I kept steadily at work increasing the strength of my position where it was already established, and striving to the utmost to get a foothold where I had not yet secured it.
At the end of the year, when the books were balanced, I found that I had made about twenty-five hundred dollars, as compared with twelve thousand dollars made by Mr. Derham the year previous.
This was most unsatisfactory to me, for while of course it was a much larger income than I had ever before earned, it was so far below my expectations that I could not but feel keen disappointment.
Still, I knew that I now possessed a business, and as the prospects were good I started the new year with courage and the determination to make a better showing.
Early in the year two incidents occurred that helped me immensely.
The largest consumers in our line were the oil refiners, all of whom have since been absorbed by the Standard Oil Company.
These concerns were heavy buyers, and Mr. Thomas Derham had the preference on their business. From the first I had struggled to get a share of it, without having made them, after a year of constant effort, a single sale. Still, I made a daily call on each and finally secured my first order.
It
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